states where it is registered with the U.S. eToro currently accepts clients from most U.S. The broker lets you trade over 2,000 different assets and has a minimum deposit of $50. Unfortunately, eToro does not support the MetaTrader 4 and 5 (MT4 and MT5) trading platforms. eToro’s intuitive multi-asset trading and social trading platforms and apps can be used by anyone immediately. In addition to its world-class social trading network, eToro has excellent educational resources for forex beginners.
Best for Beginner Non US Traders: eToroĮToro specializes in social trading, which is ideal for beginners since you can follow the trades of expert traders with a proven track record. Interactive’s proprietary trading platforms, including its Client Portal, Desktop Trader WorkStation (TWS) and mobile application have been rated as some of the best in the business.
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Minimum commissions apply, as well as maintenance fees and charges for inactivity, so Interactive Brokers would be best for advanced, active and well-funded professional traders. Interactive Brokers offers trading in 23 different currencies and their pairs, and the broker requires a ,000 minimum margin deposit that is applied to commissions for the first 8 months, followed by a ,000 minimum starting on the 9th month. Interactive also submits to regulatory oversight in the U.K., Australia and Canada, and it has agencies in Japan, Hong Kong, India and Luxembourg. Because of Interactive’s world-class brokerage services in 33 countries that cover 134 markets worldwide, the company has oversight from most of the world’s largest financial regulators, including the U.S. Interactive Brokers offers some of the lowest costs in the business, including a $0 commission on U.S.-listed stocks and exchange-traded funds (ETFs). Best for Advanced Forex Traders: Interactive Brokers
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You can practice your strategy and get familiar with the MT4 platform before trading using deposited funds through the free demo account.ģ. Trade forex, crypto pairs, stocks, indices and commodities through a single platform!
You get access to direct access to global financial markets, with over 170+ tradable assets available through MetaTrader4. A low spread generally indicates that volatility is low and liquidity is high and CedarFX prides itselfĬedarFX offers 2 account types: 0% commission accounts and eco accounts. You can check out Benzinga’s review for more information about this excellent broker.ĬedarFX believes in combining the finest market conditions with excellent pricing and technology so clients can grow their accounts. also has oversight from regulators in 6 major world jurisdictions through its subsidiaries. by the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA). Best Overall Forex Broker: į is a subsidiary of StoneX (NASDAQ: SNEX) and ranks as the best overall forex broker. Runner Up for Non-US Traders: Pepperstoneīest Forex Platform: IG Markets 1.
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